This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Reassessment unsustainable if full & true material disclosure during original assessment
Case Law Details
- Case Name
- DCIT Vs Vs Jan De Nul Dredging (I)(P) Ltd (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Chennai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
DCIT Vs Jan De Nul Dredging (I)(P) Ltd (ITAT Chennai)
ITAT Chennai held that both the conditions u/s 147 of the Income Tax Act needs to be satisfied for initiation of re-assessment after four years from the end of the relevant assessment year. Here, as assessee has disclosed fully and truly all the material facts, re-assessment proceedings couldn’t be sustained.
Facts- The case of the assessee was selected for scrutiny and notice u/s. 143(2) of the Act was issued and also notice u/s. 142(1) of the Act along with questionnaire was issued on 27.05.2013 and duly served on the a...
Author Info
